Estate Planning is Essential
With a concentration in estate planning, over the past four decades, Tuohy Law Offices has prepared over 4,000 estate plans for its clients.
In keeping with its commitment to the legal education of the community, our firm has presented hundreds of seminars in the area of Trusts, Estates, and Asset Preservation.
Estate Planning is a Relief
No one wants the government or the court system to control their savings. However, the reality is that happens to many people. Unfortunately, most people do not want to commit to making decisions that would allow their families to avoid the Probate system’s costs and distribution delay. It is the sense of immortality when we are younger. And the fear of our mortality as we age prevents us from making this decision a priority.
After signing their estate plan, our clients most often express this feeling: relief. To get on with the business of living without this important decision hanging over your head is truly an incredible feeling of relief.
The consequences of not acting to preserve your assets in a private Living Trust that you control are significant. That is to say, your family is introduced to the Probate Court system, which can be lengthy and costly. Meanwhile, the average amount of time for your family to complete the Probate process can be as long as 18 months.
Failing to plan also leaves you open to the genuine possibility of Guardianship, “Living Probate,” and extended life support in the event of a serious medical condition. Most people would choose otherwise, and all of us have the right to choose.
Careful advanced estate planning protects you and your family in ways that will give you peace of mind for the rest of your life. Most importantly, securing your assets in a Living Trust now can be all the difference.
Call Tuohy Law Offices at 1-312-559-8400 for a free no-obligation consultation about your estate and Living Trusts.